On 11 July 2023, FINRA issued AWC on short interest position reporting. FINRA issued Letter of acceptance, waiver, and consent (AWC) to RBC Capital Markets LLC (RBC) for overreporting short positions and supervisory system failures. Allegations Between December 2018 - April 2021 RBC violated FINRA Rule 4560, FINRA Rule 2010 by overreporting shares associated with…
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14 July 2023 – S Korea FSC Fines for Illegal Short Selling
S Korea FSC Fines for Illegal Short Selling
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Rulefinder Alerts to New Temporary Short Selling Bans
On 14 July 2023, Rulefinder identified new temporary short selling bans in S Korea. Short selling ban is in effect for 17 July 2023.
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U.K. – Treasury Further Consultation: Short Selling Reporting
On 11 July 2023, UK Treasury consulted on sovereign debt, default swaps. UK Treasury consultation seeks views on the government’s proposal to delete aspects of the Short Selling Regulation related to sovereign debt and credit default swaps. Follows UK Treasury December 2022 call for evidence on short selling rules. Also follows UK Chancellor July 2023…
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U.K. – GVT Response to Short Selling Call for Evidence
On 11 July 2023, UK Treasury published a document summarizing responses received. On same day UK Chancellor announced launch Mansion House reforms. It sets out the next steps for replacing the SSR with a UK-tailored regulatory regime for short selling, including key changes to short selling disclosure requirements. FCA will be given rule-making powers to…
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11 July 2023 – U.S. FINRA – Fines for Failure to Accurately Report Short Selling
FINRA Fines for Short Selling Reporting Failure
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